Shell Share Discussion Threads

[xxxxxy] 18/11/2022 16:15

So much for electric cars being cheaper to run than petrol or diesel ones. As owners are about to discover, following Jeremy Hunt's announcement that electric cars will be subject to vehicle excise duty from 2025, the main reason for their apparently low running costs is that these vehicles are excused from the hefty taxes levied on petrol and diesel models. Once electric cars are brought into the realm of vehicle excise duty a different picture will start to emerge. And it won't just be vehicle excise duty. There is no way that Hunt is going to sit back and watch as £26 billion worth of fuel duty disappears as people are forced to switch to electric vehicles – he is going to find a way of making that up, too, most likely through road pricing. The favourable tax position enjoyed by electric vehicles will come to be seen as nothing more than a limited time, introductory special offer. Just as with diesel cars, people who were encouraged to buy them through government incentives have been conned.... Daily Telegraph

[geckotheglorious] 18/11/2022 11:25

Lippy4
Suggest it might not be covered! Who knows.
I tend not to invest in Electricity companies. If i want a bond like investment I'll go for tobacco or US blue chip telcos.
:)

[lippy4] 17/11/2022 22:21

gecko

sse recently opened a large gas powered electricty generation plant on the east coast,how does that sit with carbon neutral and renewables??

[geckotheglorious] 17/11/2022 20:05

Lippy4

Electricity - Renewables off the hook
Electricity generators, which are making strides to switch to low-carbon and renewable sources, responded much more positively with SSE (SSE) advancing 3.8% to £17.07 and Drax (DRX) leaping 7.4% to 612p.
The new electricity generator levy will take 45% of profits selling electricity above £75MWh, a level that analysts had previously said the industry would be comfortable with. The measure is expected to raise £14bn of the £80bn five-year total.

‘The headline rate of 45% appears harsher than the one on the oil and gas producers at first glance and they could feel hard done by given the level of investment in clean energy and the lack of share buybacks,’ said
Tom Gilby, equity analyst at Quilter Cheviot. ‘However, there is a nuance here in that it is on profits over a certain level as it tries to keep some semblance of an innovative industry.’

[jrphoenixw2] 17/11/2022 15:15

I was looking into the details of todays budget and how the Energy [taxes]/Levy works. I read this explainer on the BBC site that drills-down in surprising detail into how energy producers make their profits, taxes they pay, impacts of this levy, and so on. FWIW: The article incorporates changes made in today's mini-budget.

Worth a read:
'What is the windfall tax on oil and gas companies?'

[lippy4] 17/11/2022 14:06

i see in the budget that oil and gas companies are to pay more windfall taxes,what about electricity companies i wonder??

[dig and sell] 17/11/2022 09:58

I agree with you Gecko. Shell has had a good run and it is time to take profits before governments the world over organise yet another tax-grab from big oil to fix their own budget headaches. Many months ago I set myself a target to sell when it reached £24. It got there in July, but I was greedy and held, only to see it fall back to £20ish. I sold on the recent rise at £24.25 and I'm happy with that decision. There are better and less volatile opportunities elsewhere. Many of the beaten-up growth funds are trading well below NAV at the moment...

[geckotheglorious] 16/11/2022 17:12

I called time on my Shell - destined not to get that 2500p it seems (and watch it now rise to said level)

Not a fan of the management.
Not a fan of the emphasis on share buybacks over Divis
Nor a fan of their rapid shift , like BP, to Renewables.

Good luck all.

Nice profit so not to be sniffed at.
:)

Good luck to all.

[casket1] 16/11/2022 15:47

No it's not you plum, it's more like 4%

[blackhorse23] 16/11/2022 15:05

Sold some & bought CURY (LSE) dividend yields 7%

[lippy4] 16/11/2022 13:30

now its coming from mozambiquie as well..

germany should not have shut all those nuclear power stations as it would have made such a difference now,mind you it was merkel who i have never trusted,which has made germany dependent on russian gas..

[xxxxxy] 16/11/2022 13:05

What is the point of most renewables, if using nuclear.Pointless development and expense.

[xxxxxy] 16/11/2022 13:04

By Stanley ReedNov. 16, 2022, 12:00 a.m. ETThe lights in Europe are being kept on by giant ships sailing from ports in Louisiana and Texas.The ships are loaded with natural gas, chilled to a liquid. Europe used to be a fickle customer for liquefied natural gas, preferring to rely on often cheaper pipeline gas from Russia, Norway and North Africa. L.N.G. used to go primarily to Asian countries willing to pay more, like China, Japan and South Korea.All of that has changed over the last year. Europe, responding to cutoffs of natural gas by Russia and trying to fill storage facilities to ward off winter cold, has been willing to pay almost any price to outbid other buyers."At the moment we cannot do without L.N.G.," said Augustin Prate, vice president for energy and commodities at Kayrros, a Paris-based research firm.The upending of the natural gas market in Europe has been head-spinning, and it isn't over. Europe's gas storage facilities, which gorged on L.N.G. all spring and summer, are full; they can barely take any more. The price of a shipload of L.N.G., which might have sold for $20 million two years ago, soared to perhaps $200 million last summer, and is now about half that, with winter fast approaching.... New York Times

[veryniceperson] 16/11/2022 10:36

It was 1 when i 1978 when I was first old enough to vote. For the first time in life I will not vote for this shower. Reform will get my vote aswell. They will call it a wasted vote but doesn't really matter. Richard Tise makes a lot of sense.

[geckotheglorious] 16/11/2022 10:36

Spot on Supermarky.

[supermarky] 16/11/2022 09:24

Amazing post. Completely agree. The Conservative government are more socialist than any Labour Party. Traditional centre right conservatives have no home. As a life long Conservative i will never vote for them again. I will be voting Reform like countless others. Just wait for the Conservatives trying to scare us by saying a vote for Reform is a vote for Labour to be in power. Well good, lets have Labour in power. There is no way they can be any more socialist than this so called Conservative government. Absolutely pathetic. They dance to the tune of the bleeding hearts and the BBC ITV Sky news. We need Farage to come back to Reform and give them a bloody good kicking.

[xxxxxy] 16/11/2022 09:09

El Guiri Cabron48 MIN AGOBillionaires financing propaganda to programme politicians to control the ordinary citizen. Bezos won't be giving up his personal carbon footprint and no sooner has Sunak flown back from COP27 to tell the world to commit to net zero than he's off on a plane to the G20 to make magnanimous statements to other billionaires about how they should control their citizens. Not one of the people telling us to commit to net zero, is giving up their oil based products, their carbon footprint or their lifestyles. The rest of us meanwhile are being bled to death by actions like those of Sunak, who is banning fracking in the UK and importing fracked gas from the US.We could be selling gas, instead, we're buying it. Nothing says more about the hypocritical imbecility of the fake Conservative Party than that.... Daily Telegraph

[the white house] 15/11/2022 18:58

6bn huge petrochemical complex 6 years in development and build just commenced output in Pennsylvania. Remarkably complex and undoubtedly a nice earner.

[growthpotential] 13/11/2022 00:41

What is Shells trailing last 4 quarters diluted EPS?

[xxxxxy] 12/11/2022 08:50

To ask the Secretary of State for Business, Energy and Industrial Strategy, which new oil and gas fields will be issued with production licences in 2022.NOVEMBER 12, 2022 5 COMMENTSThis is a disgraceful non answer. I asked about production licences so they respond about exploration licences. The quango they refer to reports to them and is meant to implement their policy. Ministers have made clear they do wish to see rapid progress on replacing imported LNG with more domestic gas, but clearly the Departmental drafters  are not entering into the spirit of this. The Department for Business, Energy and Industrial Strategy has provided the following answer to your written parliamentary question (75742):Question:To ask the Secretary of State for Business, Energy and Industrial Strategy, which new oil and gas fields will be issued with production licences in 2022. (75742)Tabled on: 01 November 2022Answer:Graham Stuart:Licensing is a matter for the North Sea Transition Authority which publishes all figures and statistics regarding licence awards for oil and gas exploration and development on its website.While the 33rd UK Offshore Licensing Round officially opened in October, awards for licences under this round will not be made until next year.The answer was submitted on 09 Nov 2022 at 17:02..... John Redwood

[the white house] 11/11/2022 13:55

1 Ex div2 3 year high 3 Billions lost on crypto funds by fund managers having to get cash in4 Cable was the 60 yesterday 4pc sterling rise in dollar earner & 5 switch back to tech types

[supermarky] 11/11/2022 13:03

Yes one hell of drop since this time last week.